A new digital world order

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Some natural random variables have a normal distribution, some have Pareto distribution and some power law distribution. For example, height of humans is normally distributed, income has Pareto distribution and stock market returns follow some other power law distribution. Only some random processes have uniform distribution when the outcomes are equally likely, e.g. a coin toss.

The Parmenides Foundation is founded on the principle that “In an increasingly complex and constantly changing knowledge society thinking is the key success factor in economics, politics and education.” That principle clashes with anti-realist accounts of truth.

The probability of ruin of unhedged stock market investments is always greater than zero. This implies that in a sufficiently long interval of time, any unhedged investment in the stock market will be ruined. Therefore, unhedged investments in stocks are motivated by greed and wishful thinking as investors hope that that will sell for profit before the uncle point. Recent history proves this is not the case.

Everyone knows by now about the LIGO announcement regarding the detection of gravitational waves. However, some things must be clarified about the relation of the detection to claims of a test of the theory of general relativity and about the way the media has presented this to the general public.